Upstart readies largest ABS to date

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Upstart readies largest ABS to date

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Matrix style graphics are seen on an Apple iPhone in this photo illustration on January 22, 2019. (Photo by Jaap Arriens / Sipa USA) | Jaap Arriens/SIPA USA/PA Images

Upstart is returning with a $490m securitization backed by unsecured personal loans, its biggest deal to date. The ABS transaction announcement comes as the company has been increasing its capital base and lending capacity through various means, such as completing an IPO as well as partnering up with banks or start-ups.

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